• calendar_month March 19, 2024
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Market update 91006

Nestled in the heart of the San Gabriel Valley, Arcadia (91006) stands as a premier destination known for its lush landscapes, prestigious neighborhoods, and vibrant community. As we delve into the real estate landscape of Arcadia for March 2024, let's uncover the latest trends, market conditions, and insights shaping this esteemed residential enclave.

Active Listings and Median Listing Price: Arcadia boasts 39 active listings in March 2024, presenting prospective buyers with a diverse array of residential offerings. The median listing price in the area stands at $2,548,000, reflecting the neighborhood's reputation for upscale living and luxury real estate. From sprawling estates to meticulously crafted residences, homebuyers can explore a wide range of properties that epitomize the epitome of Southern California living.

Price Per Square Foot: The price per square foot in Arcadia averages at $756, underscoring the neighborhood's desirability and the high value placed on quality craftsmanship and amenities. With spacious homes, manicured gardens, and luxurious finishes, properties in Arcadia command a premium price per square foot, reflecting the exceptional lifestyle and prestige associated with living in this esteemed community.

Homes Sold and Median Sold Price: In March 2024, Arcadia witnessed the sale of 18 homes, indicating robust activity within the local housing market. The median sold price for homes in the area stands at $1,944,000, demonstrating the neighborhood's resilience and stability despite fluctuations in market conditions. Sellers continue to find success in Arcadia, attracting buyers with the allure of upscale living and world-class amenities.

Average Time on Market: Homes in Arcadia typically spend an average of 42 days on the market, reflecting the neighborhood's prestige and the meticulous nature of buyers in this affluent community. While properties may take slightly longer to sell compared to other areas, the discerning buyers of Arcadia recognize the value of investing in a home that offers unparalleled quality, sophistication, and lifestyle amenities.

Market Outlook and Conclusion: As we navigate through March 2024, Arcadia remains a coveted destination for homebuyers seeking luxury, prestige, and tranquility. With its picturesque surroundings, top-rated schools, and upscale residential offerings, this esteemed neighborhood continues to attract discerning buyers looking to invest in the finest that Southern California has to offer.

In conclusion, Arcadia (91006) stands as a shining example of luxury living in the San Gabriel Valley. With its affluent neighborhoods, stunning landscapes, and world-class amenities, this prestigious community offers an unparalleled quality of life for residents seeking the epitome of Southern California living. As the real estate market evolves, Arcadia remains a beacon of stability, sophistication, and enduring value for homeowners and investors alike.

 

 

Lucy Zohrabi

Lucy Zohrabi

JohnHart Real Estate

DRE - 02060911
Direct - 818.731.1266, Office - 818.246.1099

Contact Lucy Today!